Friends in Need

President Ferdinand E. Marcos has ruled the Philippines since 1965,
including eight years of martial law that ended only in January.
Standing essentially unopposed for re-election in June, he won handily
with 88% of the vote. But Marcos may face his greatest threat because
of Dewey Dee, a textile magnate who fled the country eight months ago
and left behind more than $80 million in debts. The incident threw
Philippine financial institutions into turmoil and exposed as seldom
before the cronyism and corruption that has characterized the Marcos...